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10 Must Reads for the CRE Industry Today (December 21, 2017)

MarketWatch explores whether REITs might be worth another look next year. House Speaker Paul Ryan said “nobody knows” whether the GOP tax cuts will create enough growth to pay for themselves, CNBC reports. These are among today’s must reads from around the commercial real estate industry.

Why REITs May Be Worth a Second Look in 2018 “Is it time for another look at a beaten-down sector? In recent years, investors have avoided real estate investment trusts like the plague – or like the half-empty malls in Rust Belt towns, anyway.” (MarketWatch)

Holiday 2017: The Fault in Our Stores “By all accounts this holiday shopping season looks to be pretty solid overall--perhaps the best since 2010. Aggregate sales will likely be up between 3.5% and 4.0%. E-commerce year-over-year growth will come in around 17%. Retailers’ inventories seem to be generally in good shape, which should allow most to deliver strong gross margin performance. And despite the silly retail apocalypse narrative, I’ll even venture to say that sales in physical stores will show a slight increase.” (Forbes)

Diller, Von Furstenberg Invest in Co-Working Company “New York City-based NeueHouse, a company that offers co-working space with a private club-style membership, has brought on Barry Diller and Diane Von Furstenberg as majority investors.” (Wall Street Journal, subscription required)

Steiner Plans Ground-Up Office and Industrial in Navy Yard “Developer Douglas Steiner is pushing forward with his Brooklyn Navy Yard real estate empire. The Navy Yard Development Corporation, the nonprofit entity that controls the yard, last year demolished most of the historic Admiral’s Row houses on the western side of the former shipbuilding hub, paving the way for Steiner to begin developing a multi-building commercial project that includes offices, manufacturing space and the city’s first Wegman’s grocery store.” (Commercial Observer)